Press Release – Property Education and Training Limited
A Wellington business, Property Education and Training Limited, has developed the online platform to make the International Valuation Standards and supporting documents available electronically to the global market.

The International Valuation Standards have traditionally been distributed to valuers and financial institutions in a hard copy format. This format is expensive and time-consuming to produce, difficult to maintain and cumbersome to distribute around the globe. The ongoing improvements that are made to the standards can only be reflected every few years when a major update is reflected in a reprint.

Chris Thorne, Technical Director for the International Valuation Standards Council says “IVSonline will enhance the practicality of referring to the International Valuation Standards and will ensure they are more accessible to the hundreds of thousands of valuers and appraisers worldwide. It means every subscriber will have the opportunity to access the latest version at their fingertips”.

Property Education and Training is a subsidiary company of the Property Institute of New Zealand. Managing Director, Allan Smee, says “this is an exciting opportunity for Property Education and Training Limited to enter the global market in an area we feel so passionate about – ensuring the availability and accessibility of valuation standards”.

“One of our core goals is to ensure that training material is available anywhere and any time at the convenience of the learner. Our material is available through the internet and accessible on mobile devices such as smart phones and tablets” Mr Smee says.

“Property Education and Training also offers the Real Estate Agents Authority verifiable education and is working with government agencies to develop specialised property-related learning material” says Mr Smee.